About us

The business idea of Pioneer Capital Limited was conceived  in the year 2014 when the directors who were farmers applied for agricultural loan from the commercial bank and failed to access the loan due to lack of collateral and as such were unable to meet bank requirements.

The directors struggled to borrow money from friends and relatives to finance their farming activities, fortunately they got a good harvest and realizes some good returns after selling the agricultural products from which they used to start lending to help their people in the community who cannot qualify to access bank loans at a very micro level.

The start-up of the microfinance was influence by the high level of poverty due to scarcity of the money in circulation, there are many medium and small business communities who need financial support but lacks Financial Support to meet the requirements of the financial institutions registered in Uganda for which the directors were initially victims. Pioneer has come in to bridge the gap between these groups of people.

Many people in the community have good business idea but lack financial support and these inspire the directors to start a microfinance as a way of uplifting the poor and to enable them developed financially. Other factors like Delay in the loan processing and the bureaucratic procedures also led to the establishment of Pioneer Capital Limited. The high rate of Unemployment among the youths who have skills but lack start-up capital for business.

The company intends to help in boosting the financial status of the people of Lira City, Gulu City ,entire Northern, Eastern Uganda, and the surrounding areas Devastated by several insurgents over the past decades and rang among the poorest in Uganda. It was until 2023 when Pioneer Capital company was incorporated with Uganda Registration Services Bureau (URSB).